💻 VGT Rises on US-EU Trade Deal, Chip Stocks Lead Gains | Tech Sector Insights
(VGT) rose 0.56% today amid optimism following a U.S.–EU trade agreement that introduces 15% tariffs on EU goods while channeling investments into U.S. energy infrastructure. Leading contributors included NVDA, AMD, AVGO, SMCI, and TXN.
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Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.
Monday, July 28
VGT [+0.6%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has seen a daily return increase of approximately 0.56%, attributed in part to a recent trade agreement between the United States and the European Union. This agreement imposes a 15% tariff on most EU goods while committing to substantial investments in U.S. energy sectors. Optimism regarding ongoing tariff negotiations with China may also bolster technology stocks within VGT. Among the ETF's holdings, notable contributors to performance include NVDA, AMD, AVGO, SMCI, and TXN, all of which exhibited positive returns. Broadcom Inc. (AVGO) experienced moderately bullish activity, with its shares increasing slightly and options volume remaining consistent with averages. Additionally, Digi Power X Inc. announced a new modular data center platform aimed at high-density GPU clusters, backed by over $30 million in cash and no long-term debt.